Euro Crisis

EU Has Lost Six Million Jobs Since Crisis Began

One million in the last six months, alone

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European Union economies have shed almost six million jobs since the global economic crisis struck in 2008, the International Labour Organisation said Monday.

In a report on the European labour market, the UN agency said the employment rate across the 27-nation EU stood at 57.6 percent in 2012, down 1.6 percentage points on 2008.

"This means that there is still a deficit of 5.9 million jobs to restore employment rates to their pre-crisis levels," the ILO said.

A million jobs have been lost in the past six months alone, it noted.